Butylene Glycol Market Size, Share, Price, Industry Trends, Growth, Analysis, Report, Key Players and Forecast 2023-2028
Global Butylene Glycol Market Size To Grow At A CAGR Of 4.8% In The Forecast Period Of 2023-2028
The ‘Global Butylene Glycol Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global butylene glycol market, assessing the market on the basis of its segments like types, functions, applications, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Butylene Glycol Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 4.8%
|Growth Rate CAGR||4.8%|
|Major Players||Daicel Corporation, KH Neochem Co., Ltd., OXEA GmbH, Godavari Biorefineries Ltd.,
A.B. Enterprises and others.
The growing expansion of the personal care and cosmetics industry, further supported by rising disposable income, increasing urban development, and growing hygienic awareness, is driving the demand for butylene glycol. There is an increasing demand for downstream products of butylene glycol such as shampoos, sunscreens, and humidifiers, among others. Moreover, butylene glycol is conditioning agent and reduces lifestyle-related skin problems such as acne, which is a major driving factor of the global butylene glycol market.
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Butylene glycol finds application in paints and coatings which are witnessing a heightened demand in the construction industry. Over the forecast period, the rapid residential and commercial construction projects, further fuelled by the thriving do-it-yourself sector are expected to fuel market growth.
In addition, butylene glycol is crucial in the food and beverage industry as it is an excellent anti-caking agent. Hence, the increasing demand for downstream food products of butylene glycol, such as cheese and soups, among others, are further aiding the global butylene glycol market.
Butylene Glycol Industry Definition and Major Segments
Butylene glycol is a colourless to pale yellow chemical compound which is widely used in the personal care industry to manufacture a variety of products. It has an acetic acid-like smell. Butylene glycol infuses moisture in the skin and hair care products and is also used as a pigment.
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Based on type, the market can be bifurcated into:
- Chemical Synthesis
On the basis of function, the market has been classified into:
By application, the market has been divided into:
- Cosmetics and Personal Care
- Paint and Coating
- Food Additive
On the basis of region, the market can be categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Butylene Glycol Market Trends
The key trends in the global butylene glycol market include the growing research and development activities by major personal care and cosmetic companies aimed towards producing superior quality skin and hair-care products, leading to a greater demand for butylene glycol. In addition, the rapid endorsements of innovative products via social media platforms are diffusing awareness among the masses.
The flourishing e-commerce sector is another crucial trend in the market bolstering the demand for premium packaged downstream products of butylene glycol such as sheet masks, lotions, conditioners, and anti-acne creams, among others. Moreover, the rising purchasing power of the population is further augmenting the sale of these products.
In terms of geography, Asia Pacific accounts for a significant share in the butylene glycol market which is being driven by the large population base across emerging economies such as India and China. The strong foothold of major cosmetic manufacturers in the region, coupled with the increasing influence of celebrities and western culture in the masses, is further fuelling the market growth.
Key Market Players
The major players in the butylene glycol market report are Daicel Corporation, KH Neochem Co., Ltd., OXEA GmbH, Godavari Biorefineries Ltd., and A.B. Enterprises, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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